Search results for 'Commodities'
World
The Rise of China's Influence in the Global Metals Market: How the Loss of Benchmark Status by the LME may impact Zimbabwe

In a major shake-up for the global metals market, the London Metal Exchange (LME) has lost its benchmark status for a part of the nickel market. According to a report by Bloomberg News, the Shanghai M

Jun 05, 2023
Zimbabwe
September Trade Review: Gold Exports Increases but Value Declines Despite Rallying Prices

Gold exports in September 2024 surged to 40.2%, up from 37.9% in August and 34.2% in July while tobacco exports, partly or wholly stemmed, followed closely at 19.3%, marking a notable growth from 13%

Oct 25, 2024
World
Platinum's Q3 Update: Deficit Persists, Extends into 2025 as Prices Continue to Slide

The global platinum supply experienced a 7% year-over-year (YoY) increase to 1,479 koz in Q3 2024, primarily driven by augmented stock releases in South Africa. This uptick in supply was a welcome dev

Nov 27, 2024
Zimbabwe
Zim’s 10-Month Gold Exports Value Surpasses FY23 Total, Hits Record US$1.87 Billion

Gold has recorded a historical high of US$296.85 million in exports value in October according to the latest data released by Zimstat in terms of value. Of all the exports, gold accounted for 42.4% s

Nov 27, 2024
World
US New Tariffs on Steel, Aluminium Send Gold Prices Soaring Above US$2,900/oz

Gold prices reached a new record high of 2,917.90 per ounce on the 10th of February 2025, driven by the U.S. President’s trade war, which is targeting both allies and adversaries. This surge followed

Feb 10, 2025
World
Weekly Gold Wrap: Tariffs Spark Global Gold Rush, COMEX Inventories Hit Pandemic Highs

With increasing US tariffs across the world from America to Europe, Asia to Africa, gold has emerged as a critical barometer of market uncertainty. As trade tensions escalate, investors and instituti

Mar 03, 2025
World
Gold Breaches Psychological Threshold: What's Next After $3,000?

Gold has breached the $3,000 per ounce barrier last week, marking a significant milestone in the precious metal's upward trajectory. Since crossing the threshold on March 14, gold has consistently tra

Mar 26, 2025

Top Stories

BAT Anticipates Comeback After Transitioning to a Loss in FY2024

British American Tobacco Zimbabwe (BAT Zimbabwe) experienced a pronounced financial reversal in its fiscal year 2024 (FY2024), transitioning from a profit after tax of ZWG 234 million (US$9 million to

2 hours ago

ZERA Hikes Fuel Prices for July

The Zimbabwe Energy Regulatory Authority (ZERA) has announced an upward adjustment in fuel prices for the month of July, reflecting both global oil market trends and persistent domestic vulnerabilitie

3 hours ago

ZSE Joins SWIFT Network, in Push for International Financial Credibility

The Zimbabwe Stock Exchange Holdings Limited (ZSE Holdings) has joined the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network a globally recognised platform for secure financi

1 day ago

Seed Co Reports 93% Revenue Growth in FY25, but Government Debt, Currency Shift Weaken Profits

Seed Co, Zimbabwe’s leading seed company with a robust regional footprint, reported a 52% surge in sales volume for the fiscal year ended March 31, 2025 (FY2025), driven by strong demand in both domes

1 day ago

Willdale Invests in All-Weather Plant as Losses Rise Fourfold on Low Working Capital

Willdale Limited, Zimbabwe’s sole publicly listed brick manufacturer, is divesting non-core real estate assets to fund a $3.5 million all-weather production facility and modernised brick-making equipm

Jul 09, 2025

Gold, Nickel Pushes Zimbabwe’s Exports to 6-Month Peak: But Import Bill Overshadow Gains

Zimbabwe’s merchandise exports reached a six-month high of USD 727.3 million in May 2025, reflecting a 9.6% month-on-month increase from USD 663.8 million in April 2025, according to Zimstat data. T

Jul 08, 2025

Reclaiming Bread-Basket Status: May Maize Imports Plunge

Zimbabwe’s maize imports plummeted in May 2025, nosediving from a hefty $43 million in April to a mere $31.5 million, a dazzling turnaround sparked by a stellar harvest season that roared to life by J

Jul 07, 2025

Trump’s Ukraine Arms Halt: Is Democracy at Risk?

On July 2, 2025, the Trump administration has halted critical weapons shipments to Ukraine, citing depleted US military stockpiles. This decision, affecting vital munitions like 155mm artillery shells

Jul 03, 2025